Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Allyson Way Allentown, NJ 08501

    View on Map
    Claim this Listing
    For Sale
    $485,000

    Land - Allentown, NJ

    Property size:
    8,000 SF
    Lot size:
    1.24 Acres
    Price / SF:
    $60/SF
    Added:
    Apr 26, 2022
    Days on Market:
    1464
    Last Refresh:
    Apr 28 at 1:06 pm

    Property Features for 3 Allyson Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    8,000 SF
    Lot size
    1.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    27

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Douglas Walsh

    Listing agent Douglas Walsh

    Listing office BHHS Fox & Roach Millstone Sales Office 222 Millstone Road, NJ

    Listing date Apr 26, 2022

    MLS# 22212124 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Allentown Commercial Land For Sale

    The last available lot in an 11-lot commercial subdivision, this 1.24-acre property has improvements in place. It has site plan approval for an 8,700 square foot building that includes three units of flex space. The sale includes engineered drawings and sealed blueprints, as well as an engineered site plan and septic design. The buyer can utilize the existing building design or modify it to suit their specific needs. Located in the CC-1 zone, the commercial uses permitted on the property can be found on the Upper Freehold Township Website. The parcel is situated between Roys Deli and Kiddy Academy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Hair Salon Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Accounting Firm Furniture & Home Goods Garden Center Daycare Center Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.5089527
    Latitude
    40.1803349

    Nearby Similar for Sale

    • $525,000
      2,029 SF

      Allentown Duplex with Water Views

      Income-producing duplex in Allentown with pond views and rental potential.
      43 S MAIN Street, ALLENTOWN, NJ 08501
      View Details
    • $1,500,000

      Highway Development Opportunity in Allentown

      8.84 acres of land with highway development potential.
      ROUTE 524, ALLENTOWN, NJ 08501
      View Details
    • $1,500,000

      Highway Development Opportunity in Allentown

      8.84 acres of land for development in Upper Freehold.
      22 Route 524, Allentown, NJ 08501
      View Details
    • $549,000

      Allentown Commercial Lot for Sale

      1.62 acre commercial lot with approved plans in Allentown.
      703 Route 524, Allentown, NJ 08501
      View Details
    • $950,000
      2,948 SF

      Historic Mixed-Use Commercial Building

      Charming 1810 brick building in Allentown's Historic District.
      22 S Main Street, Allentown, NJ 08501
      View Details
    • $1,500,000

      Prime Highway Development Opportunity

      8.84 acres at signalized intersection, Route 539 and Route 524.
      0 Route 524, Upper Freehold Twp., NJ 08501
      View Details
    • $485,000
      8,000 SF

      Commercial Lot with Approved Plans

      Commercial lot with approved plans for flex space building.
      3 Allyson Way, Allentown, NJ 08501
      View Details
    • $3,300,000

      Commercial Property with Established Tenants

      Income-producing commercial property with existing leases on 8 acres.
      173 Route 526, ALLENTOWN, NJ 08501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with site plan approval for flex space building.
    Where is this commercial land located?
    The property is located at 3 Allyson Way Allentown, NJ.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Last available lot in an 11‑lot commercial subdivision.; Site plan approval for an 8700 sq ft building with three flex spaces.; Includes engineered drawings and sealed blueprints.
    (848) 525-6467
    We can help!
    Listing Contact
    Douglas Walsh
    Real Estate License ID: 0894470
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!